The INSEAD Alumni Association invited Bill Coen, the recently appointed Secretary General of the Basel Committee for Banking Supervision (BCBS), to speak to Alumni and guests in October 2014. The audience, which hailed from a range of industries, engaged unreservedly with the affable American economist who spoke without props or Powerpoint at the old-style Grand Hotel les Trois Roi in Basel. The Basel Committee is a working group inside the Basel-based Bank for International Settlements (BIS). It sets global standards for banking solvency and liquidity.